Robots are not about to hollow out the workforce, Apollo's chief economist Torsten Slok argued.

The economist said AI agents could move cash out of banks to get higher returns.

Banks have long counted on customers leaving money in accounts that pay next to nothing. With about 40% of consumers already ...

Torsten Slok sees trouble coming. The Apollo economist is warning that artificial intelligence agents — software built to ...

Apollo Global Management chief economist Torsten Slok has warned about a threat to the banking system that he refers to as an ...

A top Wall Street economist says rate hikes are choking off new housing supply and reigniting shelter inflation ...

Banks have long counted on customers leaving money in accounts that pay next to nothing. With about 40% of consumers already ...

AI hardware continued to drive August's increase in import prices, as it has throughout the year. Commodity-price volatility from the Iran war raised the cost of industrial materials at the border.

A major Wall Street firm is warning that AI money agents could trigger mass deposit flight from US banks. Apollo Global ...

Torstein Slok's theory says that AI agents shifting people's money around en masse could trigger a bank run.

The artificial intelligence spending blitz from hyperscalers is colliding into a pair of fresh obstacles, and they won’t be easy to solve. A prominent economist (1) is warning that the spread of ...

Torsten Slok, the Apollo Global Management (NYSE:APO) chief economist who has spent the past year warning that the Fed would have less room to cut than markets wanted, went on CNBC last week and ...